C000219483 Fees and Costs — BlackRock U.S. Impact Fund, Class K
Data updated: 2023-09-27
The net expense ratio is 0.75%: a 0.65% management fee plus 0.62% other expenses, less a 0.52% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0291% of average net assets, and portfolio turnover was 112%.
C000219483 Fees and Expenses
Annual operating expenses and sales charges of C000219483. Prospectus, as of August 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.27% |
| Fee waiver | −0.52% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000219483 Costs Over Time
On $10,000 invested in C000219483, assuming 5% a year before costs, total costs come to $489 over 5 years, cutting the return by 0.82% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $268 | $489 |
| Value after costs | $10,418 | $11,308 | $12,273 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
C000219483 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending April 30, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0291%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $4.3M
- Portfolio turnover (prospectus): 112%
- Securities on loan, average value: $149K
- Net income from securities lending: $284 (0.005% of average net assets)
C000219483 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $324 | 22.08% |
| BofA Securities, Inc. | $224 | 15.23% |
| J.P. Morgan Securities LLC | $202 | 13.74% |
| Jefferies LLC | $198 | 13.50% |
| Cowen and Company | $166 | 11.29% |
| Citigroup Global Markets Inc. | $101 | 6.86% |
| Morgan Stanley & Co. LLC | $86 | 5.84% |
| ROBERT W. BAIRD & CO. INCORPORATED | $66 | 4.49% |
| Barclays Capital, Inc. | $58 | 3.98% |
| Credit Suisse Securities (USA) LLC | $44 | 2.98% |
C000219483 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $4.3M | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.